Horizon Kinetics Asset Management LLC Sells 7,379 Shares of RB Global, Inc. (NYSE:RBA)

Horizon Kinetics Asset Management LLC decreased its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,630 shares of the business services provider's stock after selling 7,379 shares during the period. Horizon Kinetics Asset Management LLC owned about 0.06% of RB Global worth $9,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Central Pacific Bank Trust Division bought a new position in RB Global during the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its stake in RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after acquiring an additional 176 shares during the last quarter. Jones Financial Companies Lllp raised its position in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of RB Global during the 4th quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. purchased a new position in RB Global during the fourth quarter valued at approximately $40,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Trading Up 0.3 %

RBA stock traded up $0.27 on Friday, hitting $99.14. 2,341,044 shares of the company were exchanged, compared to its average volume of 1,016,617. The business's fifty day moving average is $95.14 and its two-hundred day moving average is $90.73. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90.

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RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.17%. RB Global's dividend payout ratio is currently 57.71%.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the transaction, the executive now directly owns 20,267 shares of the company's stock, valued at $1,983,125.95. This represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.32% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RBA. BMO Capital Markets upped their price target on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of RB Global from a "hold" rating to a "buy" rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. CIBC decreased their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. Finally, Royal Bank of Canada upped their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, RB Global presently has an average rating of "Moderate Buy" and an average price target of $107.64.

RB Global Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.